Venture capital firm Physis capital announced the close of their fund of ₹400 crore. This fund is sector-agnostic and focused on funding technology startups. The firm provides funding for pre-series A and B startups, giving cheques between $1-3 million.
Commenting on the fund Vinay Bansal, Managing Partner at Physis Capital, said, “We’re focused on backing founders solving real, structural problems across India, whether it’s access to capital, healthcare affordability, or building for the next wave of consumers beyond the metros. We look for teams building with conviction and depth.”
He added that as the country’s startups mature, the company is committed to investing in founders that are going to shape the next decade.
Limited partners (LP’s) were Star Union, Dai-Ichi insurance, Haldiram’s, Lotus Herbals, Ajmera Realty, Narayana Nethralaya and Dharampal Satyapal Group (DS group).
Regarding the LP’s backing them, Ankur Mittal, Managing Partner at Physis Capital, commented, “What stands out for us is the quality of partners backing the fund. We’re seeing seasoned operators and institutional leaders choose to work with us, reflecting a shared belief in disciplined investing and long-term value creation in India.”
The firm has already put capital into 10 portfolio companies and expects to complete the deployment within the next 6-8 months. They have already invested 60 per cent of their corpus into companies like OlyV, STAGE, Hudle and Elevate now. The company plans to have investments in 15-20 companies by December of this year.